vocabulary unit 2 Flashcards
affluent
wealthy
budget
a plan that shows the amount of money available to spend
credit
a method that allows you to buy things and pay for them later
debt
money that you owe
disposable income
the money remaining after your bills are paid
loan
money you borrow or lend
materialistic
valuing money and possessions very highly
pay back
to return the money that you owe someone
sacrifice
to give up something valuable to help yourself or others
save up (for something)
to put aside money for future use
splurge
to spend a lot of money on something, usually something you don’t need
thrifty
careful with money
value
to attach importance to something
economist
a person who studies the way in which money is used in society
fair deal
a good business arrangement
entrepreneur
a person who starts his or her own business
stability
a situation that is calm and not likely to change suddenly
headache
a big problem
impact
to have an effect on someone or something
run out (of something)
to have no more of something
snowball
to increase rapidly
terms
the parts of the contract that all sides must agree on
profit
money that is earned in business minus expenses
